New Delhi: India may export up to 2 million tonnes of sugar in the new season beginning from October on an expected jump in supplies, Yatin Wadhwana, managing director of Sucden India, told a conference.
“About 320,000 tonnes have been committed for exports,” he said.
India, the world’s top sugar consumer and the biggest producer behind Brazil, is expecting a rebound in local output, which will encourage to export after importing large quantities last year.
Wadhwana said trading firms were looking to buy sugar from India for export commitments to Pakistan.
Last month Pakistan awarded contracts to import 320,000 tonnes of white sugar from Singapore’s Agrocorp International and Dubai’s Sucden Middle East.